Hide Hill, Berwick-upon-Tweed, Northumberland, TD15

Investment sale of this ground floor retail property with a long standing tenant. Located in a prominent retail area with excellent local amenities.

DESCRIPTION
The property is situated on Hide Hill which runs north to south located centrally in Berwick and comprises the primary retailing thoroughfare. It is situated towards the eastern end of Marygate on the east side of the street, nearby to the junction with Woolsmarket.

The property compromises a mid terrace ground floor retail accommodation. The property is currently tenanted by longstanding tenant Timpsons on a 10 year lease from 2024

ACCOMMODATION
The property includes the following net internal areas:

Area M² Ft²
Ground Floor Zone A 34.9 376
Ground Floor Zone B 32.7 352
Ground Floor Zone C 10.2 110
First Floor Storage 26 280
First Floor Storage 7.44 80
Total 111 1,138

TERMS
The property is available at an asking price of £90,000.

TENURE
the property is held freehold under title number ND120890.

RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:

Shop and premises - £12,000

The Small Business Rate for the year 2022/2023 is 49.9 pence in the pound.

ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.

Berwick upon Tweed is situated approximately 65 miles north of Newcastle upon Tyne, 60 miles east of Edinburgh and 30 miles north of Alnwick. Berwick upon Tweed has a population of 13,170 according to 2021 Census estimates.
Berwick upon Tweed benefits from good road and rail links, situated on the eastern side of the A1 and on the East Coast Mainline, which comprise the main road and rail links between Newcastle upon Tyne and Edinburgh.